Shop and save on arts and crafts supplies online or at a store near you. Average Michaels inventory on a per store basis, inclusive of distribution centers, in transit and inventory for the Company’s e-commerce site, fell 1.2% to $1,028,000, against  $1,040,000 at the end of the third quarter of fiscal 2016.

In connection with the announcement, the Company will host a conference call at 8:00 a.m. CT on Thursday, September 3, 2020, to discuss its financial and operational results.Discover new investment ideas by accessing unbiased, in-depth investment researchNasdaqGS - NasdaqGS Real Time Price. It’s expected to generate $1.8 billion in cash flow in 2019, a company record. Read Next. Michaels Companies Inc (NASDAQ: MIK) stock surged over 13.5% today (as of 12:56 PM GMT-5; Source: Google finance) driven by their solid third quarter performance.

Next week's earnings report could provide a further lift.Comments from Federal Reserve Chair, Jerome Powell, shook the markets significantly Wednesday.Investors saw some light at the end of the COVID-19 tunnel last month, but it might be an oncoming train.Maybe it doesn’t make sense to buy Michaels today, but value-conscious investors should keep an eye on the retailer in 2020.We delve further into the question of whether Michaels is a value stock -- or value trap.An interim CEO institutes tactical and strategic initiatives to try to jump-start lagging sales.Michaels could offer patient shareholders some serious value, but not without a fair share of risk.The crafting retailer's stock had been a market darling earlier this week.A renowned analyst firm called Michaels out as a fantastic value investment at these low prices. Steve Symington ... down $0.12 (-1.72%) Related Articles.

Michaels stock has slumped more than 77% over the last year while the S&P 500 index SPX, +0.06% is down 15.5% for the period. Tonya joined MarketWatch from Moguldom Media, where she was business editor for MadameNoire, a website targeting African-American women with a range of content from personal finance to economics, politics, education and lifestyle and entertainment. The group reported a Net sales rise of 1.1% to $1,240.2 million, aas compared to $1,227.2 million in the third quarter of fiscal 2016, despite including $10 million in lost sales related to Hurricanes Harvey and Irma. Earlier in ... Xerox Stock Is Down 50% This Year. She also worked at Mediabistro, and previously handled media relations for MSLGroup’s consumer practice. Management tried some dirty tricks to keep the train rolling in March.The arts and crafts retailer's investors were quick to celebrate the announcement of a partial trade agreement between Washington and Beijing.The retailer has picked a new CEO (again), this one sporting a Walmart pedigree and experience with massive e-commerce operations.A well-respected analyst firm downgraded the retailer and slapped a 25% discount tag on its shares.MIK earnings call for the period ending May 2, 2020.MIK earnings call for the period ending February 1, 2020.MIK earnings call for the period ending November 3, 2019.MIK earnings call for the period ending August 3, 2019.MIK earnings call for the period ending May 4, 2019.MIK earnings call for the period ending February 3, 2019.MIK earnings call for the period ending October 31, 2018.MIK earnings call for the period ending July 31, 2018.MIK earnings call for the period ending April 30, 2018. Michaels has the products you need for home decor, framing, scrapbooking and more. Stock Market Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.The crafting retailer's stock had been a market darling earlier this week.A renowned analyst firm called Michaels out as a fantastic value investment at these low prices. Nvidia's stock is drifting lower in after-hours trading on May 21, following powerful quarterly results and healthy forward fiscal guidance. You can follow her on Twitter @tgarcianyc.